{"id":38459,"date":"2021-03-07T13:25:59","date_gmt":"2021-03-07T11:25:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38459"},"modified":"2025-08-30T04:46:17","modified_gmt":"2025-08-30T01:46:17","slug":"indian-government-denies-plans-for-a-full-ban-on-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/indian-government-denies-plans-for-a-full-ban-on-cryptocurrencies\/","title":{"rendered":"Indian government denies plans for a full ban on cryptocurrencies"},"content":{"rendered":"<p>Reports of a total ban on cryptocurrencies in India are exaggerated, said India&#8217;s finance minister Nirmala Sitharaman in a CNBC interview.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Finance Minister <a href=\"https:\/\/twitter.com\/nsitharaman?ref_src=twsrc%5Etfw\">@nsitharaman<\/a> says \u201cGovt. wants to ensure there\u2019s a window for experiments in cryptocurrency space\u201d. \u2070Time for India to innovate and shine!<a href=\"https:\/\/twitter.com\/FinMinIndia?ref_src=twsrc%5Etfw\">@FinMinIndia<\/a> <a href=\"https:\/\/t.co\/fbSH2hzTC4\">pic.twitter.com\/fbSH2hzTC4<\/a><\/p>\n<p>\u2014 BlockchainedIndia (@blockchainedind) <a href=\"https:\/\/twitter.com\/blockchainedind\/status\/1368046733867978756?ref_src=twsrc%5Etfw\">March 6, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>She added that the government continues talks and discussion with the Reserve Bank of India (RBI) on regulating cryptocurrencies, but the rules will not be as harsh as previously anticipated.<\/p>\n<p>In her words, authorities will take a \u201cbalanced stance\u201d and want to ensure there is a window for experimentation in the cryptocurrency space.<\/p>\n<blockquote>\n<p>\u201cThe world is rapidly evolving together with technology. We cannot pretend that we don\u2019t want this. I can give you only one hint: we are not closing our minds and we are certainly exploring how experiments in the digital world, in cryptocurrency and so on, could take place,\u201d the minister said.<\/p>\n<\/blockquote>\n<p>In January it emerged that Parliament would, during the upcoming budget session <a href=\"https:\/\/u1f987.com\/en\/news\/indian-parliament-to-consider-bill-banning-cryptocurrencies\">consider a bill to ban cryptocurrencies<\/a>. The document also provides for establishing a regulatory framework for the RBI\u2019s official digital currency.<\/p>\n<p>Earlier, Balaji Srinivasan, former Coinbase CTO, called the proposed ban &#8216;<a href=\"https:\/\/u1f987.com\/en\/news\/opinion-a-ban-on-cryptocurrencies-in-india-would-be-a-1-trillion-mistake\">a $1 trillion mistake<\/a>&#8216; for India.<\/p>\n<p>Subscribe to Forklog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reports of a total ban on cryptocurrencies in India are exaggerated, said Finance Minister Nirmala Sitharaman in a CNBC interview.<\/p>\n","protected":false},"author":1,"featured_media":38460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Finance Minister Sitharaman says reports of an outright ban are exaggerated.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1305,278],"class_list":["post-38459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-ban","tag-india"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"Finance Minister Sitharaman says reports of an outright ban are exaggerated.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38459"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38459\/revisions"}],"predecessor-version":[{"id":38461,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38459\/revisions\/38461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38460"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}